McHenry Calls Out The SEC's Gensler's 'Unacceptable' Lack Of Responsiveness, Threatens Subpoena
Portfolio Pulse from Murtuza Merchant
U.S. Rep. Patrick McHenry has criticized SEC Chair Gary Gensler for his lack of transparency regarding his interactions with FTX (CRYPTO: FTT) and its co-founder Sam Bankman-Fried. McHenry emphasized Gensler's reluctance to share details with Congress and his handling of inquiries related to a bankrupt cryptocurrency exchange. He warned that continued non-compliance might lead to Congress issuing a subpoena to the SEC.
September 27, 2023 | 5:44 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The criticism of SEC Chair Gensler's interactions with FTX could potentially impact the perception of FTX and its associated cryptocurrency FTT.
The news does not directly indicate a positive or negative impact on FTX or its cryptocurrency FTT. However, the increased scrutiny and potential legal implications could affect investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70